4//SEC Filing
Farrell Edward 4
Accession 0000899243-19-015004
CIK 0001596946other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 4:05 PM ET
Size
20.3 KB
Accession
0000899243-19-015004
Insider Transaction Report
Form 4
Quotient LtdQTNT
Farrell Edward
President
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-05-24−12,258→ 24,515 total→ Ordinary Shares (12,258 underlying) - Exercise/Conversion
Common Stock
2019-05-24+23,433→ 25,566 total - Exercise/Conversion
Restricted Stock Units
2019-05-24−11,175→ 0 total→ Ordinary Shares (11,175 underlying) - Award
Restricted Stock Units
2019-05-24+45,000→ 45,000 total→ Ordinary Shares (45,000 underlying)
Holdings
- 30,000
Employee Stock Option (right to buy)
Exercise: $11.92Exp: 2026-05-31→ Ordinary Shares (30,000 underlying) - 96,000
Options to acquire ordinary shares
Exp: 2023-04-10→ Ordinary Shares (96,000 underlying) - 30,000
Employee Stock Option (right to buy)
Exercise: $15.17Exp: 2025-05-19→ Ordinary Shares (30,000 underlying) - 79,000
Employee Stock Option (right to buy)
Exercise: $8.00Exp: 2024-04-29→ Ordinary Shares (79,000 underlying) - 50,000
Multi-year Performance Based Restricted Stock Unit
Exp: 2019-12-31→ Ordinary Shares (50,000 underlying) - 40,000
Employee Stock Option (right to buy)
Exercise: $7.58Exp: 2027-05-23→ Ordinary Shares (40,000 underlying)
Footnotes (11)
- [F1]20,000 options have vested and remain exercisable and 10,000 options will vest on June 1, 2019.
- [F10]On May 23, 2018, the Reporting Person was granted 11,175 restricted stock units that would vest on May 24, 2019 if certain business milestones were achieved on or before December 31, 2018. The business milestones were reached on December 12, 2018, and accordingly the restricted stock units have vested and have been exercised.
- [F11]On May 24, 2019, the Reporting Person was granted 45,000 Restricted Stock Units, vesting in three equal annual installments beginning May 24, 2020.
- [F2]All 30,000 options have vested and remain exercisable.
- [F3]The exercise price will be paid in pounds sterling, at GBP0.003 per share.
- [F4]All 96,000 options have vested and remain exercisable.
- [F5]All 79,000 options have vested and remain exercisable.
- [F6]26,666 options have vested and remain exercisable. 13,334 options will vest on May 24, 2020.
- [F7]Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
- [F8]Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- [F9]On May 24, 2018, the Reporting Person was granted 36,773 Restricted Stock Units, of which 12,258 have vested and have been exercised. The remaining 24,515 Restricted Stock Units will vest in two equal installments on May 24, 2020 and May 24, 2021.
Documents
Issuer
Quotient Ltd
CIK 0001596946
Entity typeother
Related Parties
1- filerCIK 0001604629
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 4:05 PM ET
- Size
- 20.3 KB